After years spent trying to maneuver the impacts of the Affordable
Care Act, small business owners have found themselves further burdened over the
past couple years from various pandemic, social and economic forces. With
many decision makers facing urgent needs to trim costs, a reduction or even
elimination of employee benefits has undoubtably been discussed by many of
these same business owners at one time or another.
Most people already know that health insurance premiums
represent a major portion of a company’s operating budget, but the combination
of reduced overall revenue and increased insurance costs have created a
financial burden most companies have not previously experienced. At the
same time, employers know how much their staff values employee benefits and
that eliminating them could risk losing key employees.
Fortunately, there are options available to employers who
are facing this difficult decision and the staff at My Benefit Advisor can
help. By understanding your business circumstances and employee
demographics, we can tailor solutions involving creative strategies and the
latest industry tools. Professional Employee Organizations, Discount
Programs and Individual Coverage HSAs have all enabled employers to achieve
their employee benefit objectives during these challenging times.
The Lower Bucks County Chamber of Commerce offers its
members access to My Benefit Advisor as a solution for employee benefits,
including voluntary offerings. For more information about My Benefit Advisor,
visit our website at lbccc.mybenefitadvisor.com or contact Marlon Richardson at
(215) 790-3640.